Financial Daily from THE HINDU group of publications
Wednesday, June 26, 2002
| Forex Rates June 25 (4.30 p.m. IST) | ||||||||||
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Financial Daily from THE HINDU group of publications Wednesday, June 26, 2002 |
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MONEY & BANKING FOREX Rupee slips; gilts weak Mumbai: THE rupee slipped marginally to close on Tuesday at 48.9050/91 against the dollar, as compared to its previous close of 48.8850/8925. After having opened at 48.89/8950, the market was rather dull without much activity, according to ... More NBFCS Rabo India Finance in talks with Nabard The partnership of two agri expert bodies would enable funding of large projects in the agricultural sector. However, the matter was yet to be presented to the board of directors of Nabard, an official said. More LIFE INSURANCE 
Birla Sun Life AMC's gesture to `Elite Circle'BIRLA Sun Life Asset Management Company Ltd (BSLAMC) has introduced a facility for its large investors called the `Elite Circle'. The membership of the `Elite Circle' entitles investors to a free life insurance policy of Rs 5 lakh for the first ... More PRIVATE BANKS 
Bank of Rajasthan net rises 25 pcTHE Bank of Rajasthan has reported a 25 per cent rise in net profit at Rs 40.31 crore for the year ended March 31, 2002 as compared to Rs 32.22 crore in the previous year. "After six years, we have finally wiped out our entire accumulated ... More PUBLIC SECTOR BANKS Banks' lending pattern remains stable BANKERS stuck to the tried and tested formula as far as lending tenors were concerned in the past fiscal. The residual maturity patterns of loans and advances of 19 public sector banks (aggregating Rs 3,00,624 crore as of March 31, 2002) show ... More
Union Bank files draft for IPO FOREIGN BANKS BoA Indian units profit rises BANK of America's (BoA) (India branches) have recorded a net profit of Rs 86.6 crores for the financial year ended March 31, 2002, registering a 25 per cent growth over the previous year. Lower loan loss provisions and higher fee income have ... More FINANCIAL INSTITUTIONS Financial institution status for HDFC THE Central Government has specified Housing Development Finance Corporation Ltd (HDFC) as a `financial institution' for the purposes of Section 80E of the Income Tax Act, 1961. Tax experts pointed out that an individual availing loan from HDFC ... More NON-PERFORMING ASSETS Pilot asset revamp company set up — IDBI, SBI stake limited to 49% FOLLOWING the promulgation of the Ordinance on securitisation and reconstruction of financial assets, the Ministry of Finance today announced the setting up of a pilot asset reconstruction company (ARC) to set in motion the actual process of ... More CO-OPERATIVES 
What ails co-operative banking?CO-OPERATIVE banks are in the news again, but not for the right reasons. It may be recalled that during March 2001, some urban co-operative banks (UCBs) faced liquidity and insolvency problems. A major underlying factor was non-adherence by these ... More
Mavoor co-op bank bags NCDC award STANDARDS & BENCHMARKS Dhanalakshmi Bank branch gets ISO certificate THE Industrial Finance branch of Dhanalakshmi Bank at Kochi has been awarded the ISO 9001-2000 certification by Det Norske Veritas (DNV) of the Netherlands. ``This ISO 9001-2000 certification is nothing but a well-deserved recognition to the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Gender Justice Simple Economics Guide to derivatives Looking back Jun. 16-Jun. 22 GIC may transfer stake in 4 PSU insurers at par Rabo bank to take off early next year -- To focus on growth sectors VRS ... no way at LIC Banks ride well in CARs ING offers Rs 341 cr to hike Vysya stake to 44% — Deal with GMR at 98 pc over market price PAN must for more bank transactions Om Kotak Mahindra policy for kids Banks told to be merciless with wilful defaulters |
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